Required information Problem 18-1A (Static) Measuring costs using high-low method LO P1 [The following information applies to the questions displayed below.] Alden Company's monthly data for the past year follow. Management wants to use these data to predict future variable and fixed costs. Month Units Sold 1 320,000 2 160,000 3 280,000 4 200,000 5 300,000 6 200,000 Total Cost $ 160,000 100,000 220,000 100,000 230,000 120,000 Month 7 8 9 Nm til ( Units Sold 340,000 280,000 80,000 160,000 100,000 110,000 Total Cost $ 220,000 160,000 64,000 140,000 100,000 80,000 10 11 12 1. Estimate both the variable costs per unit and the total monthly fixed costs using the high-low method. (Do not round intermediate calculations.) High-Low method - Calculation of variable cost per unit Cost at high point minus cost at low point Volume at high point minus volume at low point Change in cost Change in volume 0 High-Low method - Calculation of fixed costs Total cost at the high point Variable costs at the high point: Volume at the high point Variable cost per unit Total variable costs at the high point Total fixed costs Total cost at the low point Variable costs at the low point: Volume at the low point: Variable cost per unit Total variable costs at the low point Total fixed costs